Recommendation

Want to access this article for free?

A cancellation of Flight Centre’s 2009 final dividend, and the company’s comment that it is ‘yet to experience a prolonged upturn in trading conditions’ does not sound like good news to us. And yet, investors rejoiced at today’s ‘Result Update’, sending the stock up 22% on the day.

Sure, there was some good news in the announcement. Total transaction value rose 4% during 2009 after...

Latest Q&A With Our Experts

One thing that strikes me about FLT is the very high amount of cash on the balance sheet. It looks to me like they have roughly $1.3B cash and zero long term debt, against a market cap of $3.9B. Is this real? I estimated the EV/EBITDA is about 5.9...

Hi team, Just a quick question about FLT's client cash item ($809m in FY16). In your opinion, should the item be treated as working capital or not? My understanding is that FLT opportunistically use this amount of cash to invest in short-term depo...

InvestSMART Publishing Pty Ltd holds Australian Financial Securities Licence (AFSL) 282288.
The content of this website is general in nature and does not take the personal situation of any user of this website into consideration.
A user of this website should seek financial advice specific to that user’s situation before making any financial decision.
Past performance of any security or financial product is not a reliable indicator of future performance. InvestSMART Publishing Pty Ltd
encourages users of this website to view investing as a long-term pursuit.